CRYPTO BREAKING NEWS! (28/6/24)

✦ According to Odaily, a certain address spent 13,400 SOL coins, valued at 1.94 million USD. The cost for this address was 0.3884 USD. This substantial purchase led to a brief surge in the coin's price to 2.37 USD. However, the price subsequently plummeted by 97%, resulting in a loss of 1.55 million USD. The analysis was conducted by an on-chain analyst with the handle @ai_9684xtpa. The significant purchase and subsequent price fluctuation highlight the volatility of the cryptocurrency market. Despite the initial surge, the drastic drop resulted in substantial losses, demonstrating the risks associated with such transactions.

✦ According to PANews, an attacker, who was previously flagged by CoinStats, has reportedly transferred cryptocurrency worth $1 million to a new address. The new address, identified as 0xB48b…9681, is now the recipient of the substantial amount of digital currency. The report did not provide further details about the identity of the attacker or the type of cryptocurrency that was transferred. It is also unclear whether the transfer was part of a larger scheme or an isolated incident.

✦ According to U.Today, Toncoin (TON) has experienced a significant 306% increase in large holder transaction volume, indicating a surge in whale activity. In the past 24 hours, TON's large transaction volume has risen to $9.7 million, equivalent to 1.3 million TON. This recent surge in large-scale transactions, with individual trades exceeding $100,000, suggests that large holders may be adjusting their positions.